Construction sites across the NSW North Coast from Ballina to Tweed Heads can expect a visit from SafeWork Inspectors who will be targeting unsafe working systems across all building trades.
“It is anticipated that almost 130,000 new detached homes will commence construction in 2021. The previous record of 120,000 starts in a calendar year was set in 2018,” stated HIA’s Chief Economist, Tim Reardon.
The Victorian Government continues to lead the world in its response to combustible cladding with a ban on high risk cladding products on new multi-storey buildings coming into effect.
“New Home Sales in January 2021 were just 12.1 per cent lower than at the same time the previous year,” stated HIA’s Chief Economist, Tim Reardon.
“ABS Building Approvals data for detached houses rose for the sixth consecutive month in December (2020), to reach the largest number of approvals since the series began in 1983,” stated HIA Economist, Angela Lillicrap.
“In less than a year, the Australian Capital Territory managed to overtake Victoria, New South Wales, Queensland, South Australia and Tasmania to take out top spot in HIA’s Housing Scorecard Report,” stated HIA economist, Tom Devitt.
The success of the Federal Government’s HomeBuilder grants program demonstrates the power of residential construction in supporting jobs and driving economic activity.
“The number of loans for the construction of a new dwelling rose for the sixth consecutive month in November to reach a new record,” stated HIA’s Economist, Angela Lillicrap.
“ABS Building Approvals data for detached houses rose for the fifth consecutive month in November to reach the highest number of approvals since December 1999,” stated HIA Economist, Angela Lillicrap.
Territorians looking to realise their dream of building their own home in 2021 can access additional funding, with the Northern Territory Government announcing that the BuildBonus Grant has been extended.